UNDERWRITING AGREEMENTUnderwriting Agreement • February 15th, 2013 • Keegan Resources Inc. • Mining & quarrying of nonmetallic minerals (no fuels)
Dundee Securities Corporation ("Dundee"), Clarus Securities Inc. and Canaccord Capital Corporation (each, an "Underwriter", and together, the "Underwriters") hereby severally, in respect of the percentages set forth in section 7.1 of this Agreement, and not jointly, offer to purchase from Keegan Resources Inc. (the "Corporation") upon and subject to the terms hereof, an aggregate of 6,100,000 common shares of the Corporation (each a "Share") at a price of $5.90 per Share (the "Offering Price").
